Job growth cools raising concerns and caution for next month

Job growth cools raising concerns and caution for next monthJob growth cools raising concerns and caution for next monthJob growth cools raising concerns and caution for next monthOn Friday, September 2, the Bureau of Labor Statistics released its monthly employment situation report for August, which is a widely used indicator for the health of the labor market. The August report raised concerns and created mixed signals as job growth slowed. The overall labor force further expanded as more people entered the workforce keeping the unemployment rate steady.Key TakeawaysU.S. adds 151,000 new jobs in August below expectations and raising caution about Septembers jobs reportThe unemployment rate held steady at 4.9% as more people continued to entered the labor force in search of workThe labor force participation rate welches unchanged at 62.8%The size of the labor force has increased by about 177,000 in the past five months2nd-quarter GDP expanded at a slightly faster 1.1% paceWant to kn ow more about the top trends in the job market? Check out the US Labor Market Update from Intelligence.